Announced Mon, 6 Jul · 20:47 IST
TANFAC Industries raises Rs 423.5 cr via QIP and preferential issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹2313.40
prior close
₹2357.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.3+3.8+3.5+2.4+0.2+2.9+4.6+4.6+6.0+14.5————
Up moveDown movePending
AI summary
TANFAC completed a QIP of about Rs 250 crore from marquee institutional investors. Board approved a preferential issue of 7,41,082 shares at Rs 2,341 each (about Rs 173.5 crore), subject to shareholder approval. Promoter Anupam Rasayan will invest Rs 135 crore; balance from Alrox Enterprises (Sun Pharma Group), Vivek Jain (Action Group), and Tatvam Trade. Combined Rs 423.5 crore to fund R-32 refrigerant and fluorochemical expansion.
Likely market impact
Strong promoter and institutional backing signals confidence in growth plans; equity dilution expected from new share issuance.